Chapter 7 The “liquidation” plan discharged most unsecured debts. Discharge means the judge removes the legal obligation to repay the debt. However, the debt itself remains, as do the collateral consequences, like a property or credit lien. A Georgia bankruptcy lawyer must address such collateral...
What is the main difference between equity and capital? Equity refers to ownership value in a business or asset, while capital is the total financial resources available. 15 What types of capital are there? Capital can be classified as debt or equity, along with reinvested earnings and borrowed...
(legal) In a bankruptcy proceeding, the proportional reduction in the debt that will be paid to each creditor, based on an evaluation of the total debt owed and the total assets of the debtor. Haircut (finance) The difference between the value of a loan and the value of its collateral. ...
The 2008 filmBabbagefeatures a dinner-party between many of the important figures in the life of the inventor Charles Babbage: his collaborator Ada Lovelace, his father Benjamin, his mother Betsy, his friend John Herschel, and his wife Georgiana. Babbage’s designs for programmable computing influe...